A ray of light may be shining on the consumer magazine industry following one of its worst years of advertising page declines in recorded history, according to a leading Wall Street analyst. "The worst of the magazine page declines appears behind us," Deutsche Bank analyst Matt Chesler predicted in a report sent to investors of Meredith Corp., one of the largest "pure play" magazine publishers, whose stock he tracks. ...Read the whole story
Looking to streamline the entertainment process--as well as save a few bucks--Disney-ABC Television will merge its network programming and TV production operations under one roof. ABC Entertainment Group will be the newly merged entity of ABC Entertainment and ABC Studios. ...Read the whole story
CBS Outdoor is launching a Web site--WannaBillboard.com--offering a library of ready-to-use creative that advertisers can choose from and customize to their brands, then swiftly hit the streets with. ...Read the whole story
A lengthy, oft-nasty dispute in the end won't cost Univision its most successful programming pipeline: prime-time novelas that are also popular in Mexico. On Thursday, the Spanish-language broadcaster reached a settlement in a case against Mexican programmer Televisa--the producer of the soap operas popular on Univision channels. ...Read the whole story
Meredith Corporation witnessed its broadcasting and publishing business losing steam with lower net profits than in a comparable period the previous year. Blame lower advertising sales, mostly due to weaker automotive business. ...Read the whole story
As strapped for cash as the rest of the media industry, Sirius-XM Radio hopes to increase revenues by raising rates on certain customers--namely, subscribers who want to open multiple accounts. The satellite radio broadcaster is also ending its free Web-based music service. Neither measure affects the a la carte pricing structure for subscriptions adopted by the newly merged company last year. ...Read the whole story
The Spike network is taking a page out of its "Ultimate Fighter" playbook with a new series that could give the average guy a shot at making the 2009 Dallas Cowboys. The untitled series -- hosted by ex-Cowboy Michael Irvin -- features 12 NFL hopefuls. ...Read the whole story
Thursday saw the closing of another teen title: Hearst is shuttering Teen, a quarterly newsstand-only magazine that saw sales drop in 2008. Hearst had acquired Teen from Primedia in 2003. Its Web site lives on as part of Hearst's stable of teen-focused online properties. ...Read the whole story
The first big battleground of the New Year had ABC's season premiere of "Lost" in a down-to-the-wire battle with new Fox drama "Lie To Me." "Lost" lost ground among 18-49s over last season's opener. ...Read the whole story
One potential buffer for networks buffeted by Detroit automakers cutting budgets? Sign them to more product placement deals. To be sure, even doing that may ... ...More
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